An amount of 17,550 is paid for. 1 1/2 years if the rate of compound interest is 8% per annum
and the compound interest is compounded half-yearly. Find the compound interest.
Answers
compound interest = 2191.3632 Rs.
amount , P = 17,550 Rs.
time period, t = 1 1/2 yrs = 3/2 yrs
rate of compound interest , r = 8% per annum
as it is given that compound interest is compounded half yearly.
so, A = P(1 + r/200)²ⁿ
= 17550(1 + 8/200)^(2 × 3/2)
= 17550(1 + 0.04)³
= 17550(1.04)³
= 17550 × 1.04 × 1.04 × 1.04
= 17550 × 1.124864
= 19,741.3632 Rs.
now compound interest = A - P
= 19741.3632 - 17550
= 2191.3632 Rs.
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Answer:
1951 itna aaya hai
tumhara galat aaya hai amount=17550hai principal =nahi